BNP Paribas Arbitrage SA lifted its stake in shares of Clearwater Paper Corporation (NYSE:CLW) by 46.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,542 shares of the basic materials company’s stock after buying an additional 3,005 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.06% of Clearwater Paper worth $470,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its position in shares of Clearwater Paper by 12.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 154,544 shares of the basic materials company’s stock worth $7,225,000 after buying an additional 17,589 shares in the last quarter. Comerica Bank grew its position in shares of Clearwater Paper by 12.7% during the second quarter. Comerica Bank now owns 56,350 shares of the basic materials company’s stock worth $2,753,000 after buying an additional 6,330 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Clearwater Paper by 107.9% during the second quarter. Russell Investments Group Ltd. now owns 12,200 shares of the basic materials company’s stock worth $570,000 after buying an additional 6,332 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of Clearwater Paper by 67.7% during the second quarter. Nationwide Fund Advisors now owns 20,899 shares of the basic materials company’s stock worth $977,000 after buying an additional 8,437 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Clearwater Paper by 1.5% during the second quarter. Vanguard Group Inc. now owns 1,540,226 shares of the basic materials company’s stock worth $72,006,000 after buying an additional 22,090 shares in the last quarter. 86.21% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on CLW. KeyCorp reissued a “hold” rating on shares of Clearwater Paper in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of Clearwater Paper from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $60.00.
Clearwater Paper Corporation (CLW) opened at $44.45 on Friday. The company has a market cap of $730.45, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 4.00 and a beta of 1.02. The company has a quick ratio of 0.43, a current ratio of 1.11 and a debt-to-equity ratio of 1.17. Clearwater Paper Corporation has a 1-year low of $42.20 and a 1-year high of $68.40.
Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.18. The firm had revenue of $426.50 million during the quarter, compared to the consensus estimate of $426.87 million. Clearwater Paper had a net margin of 1.50% and a return on equity of 7.38%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. equities analysts forecast that Clearwater Paper Corporation will post 2.22 EPS for the current year.
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Clearwater Paper Profile
Clearwater Paper Corporation manufactures consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company operates through two segments: Consumer Products segment, and Pulp and Paperboard segment. The Company’s Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products.
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